Ive spent some time trying to understand this bug and what is going on and this is what i could find
Armor buffs, Food buffs, Mutations, Debuffs THEY ALL gets cleared when i consume something or even switch to it outside of my inventory where when used they dont seem to clear my effects. The replacement effect will stay around but everything else doesnt come back until reload or reequip including Coziness which comes back any time the value changes
Affected items doing this seem to be Smoothies, Canteens, Jerky
The consumables that doesnt seem to effect this is bandages, cooked meat and meals
This only appears to happen in multiplayer but it seems to happen where ever. new and Different worlds, hosting/different hosts, Steam and game pass BOTH cause the issue and both have been installed fresh and reinstalled. It affects no one but me.